According to the research report titled ‘Global Natural stone Bar Market Size study, by Application (Residential, Commercial), Product (Granite, Limestone, Travertine, Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global natural stone bar market size was valued at USD 47.08 billion in 2020 and is expected to multiply at a CAGR of 3.5% over 2021-2027, subsequently reaching USD 59.9 billion by the end of the forecast period.
 

As per the findings of the report, advantageous features of the product such as superior functionality, strength, and durability, along with its growing usage in home décor items are the key factors driving global natural stone bar market growth. Besides, rising construction of pools, decors, and verandas is anticipated to add to the product demand, further contributing to the market development.
 

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For the unversed, a stone bar is a large, smooth, and slender stone commonly used for paving, flooring, dividing walls, and tombstones. Clearing and rooftop development commonly use bars as a construction material. The natural stone bar is also used on gravestone and in homes for styling.
 

Considering the factors restraining the industry expansion, strict guidelines on mining and hefty cost of assembling are acting as a challenge for businesses operating in this domain. 
 

Based on application spectrum, worldwide natural stone bar marketplace is bifurcated into commercial and residential. As per product type, the industry segmentation comprises travertine, limestone, granite, and others.
 

Coming to regional landscape, Asia Pacific, Europe, North America, Latin America are the leading contributors to the overall industry progression. Of these, North America currently leads worldwide natural stone bar market, creditable to booming elderly population, instantaneity and reasonableness of emergency consideration administrations along with presence of a solid medical services framework.
 

On the other hand, Asia Pacific industry is projected to amass robust revenues by the year 2027, owing to rising building remodeling and renovation exercises in the region.
 

Major contenders operating in worldwide natural stone bar market sphere are Topalidis S.A., Fujian Xishi Stone Group Co. Ltd., Mumal Marble Pvt Ltd., Dermitzakis Bros S.A., Temmer Marble, Polycor Inc., Dimpomar, Margraf S.p.A., Levantina, and Aro Granite Industries Ltd.